Tottenham Acquisition I (Tottenham Acquisition I) ROCE % : -8.45% (As of Sep. 2020)

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What is Tottenham Acquisition I ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Tottenham Acquisition I's annualized ROCE % for the quarter that ended in Sep. 2020 was -8.45%.

Tottenham Acquisition I ROCE % Historical Data

The historical data trend for Tottenham Acquisition I's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tottenham Acquisition I ROCE % Chart

Tottenham Acquisition I Annual Data

Trend

Dec17

Dec18

Dec19

ROCE %

-1.38

-1.25

Tottenham Acquisition I Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
ROCE %	Get a 7-Day Free Trial						-1.27	-2.03	-1.77	-1.63	-8.45

Tottenham Acquisition I ROCE % Calculation

Tottenham Acquisition I's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	-0.588	/	( ( (47.161 - 0.222)	+	(48.777 - 1.417) )	/ 2 )
	=	-0.588	/	( (46.939	+	47.36)	/ 2 )
	=	-0.588	/	47.1495
	=	-1.25 %

Tottenham Acquisition I's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	-1.94	/	( ( (25.553 - 2.346)	+	(26.119 - 3.397) )	/ 2 )
	=	-1.94	/	( ( 23.207	+	22.722 )	/ 2 )
	=	-1.94	/	22.9645
	=	-8.45 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

Tottenham Acquisition I (NAS:CLNN) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Tottenham Acquisition I ROCE % Related Terms

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Tottenham Acquisition I (Tottenham Acquisition I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Tottenham Acquisition I Ltd (NAS:CLNN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

39-41 Wellington Street, Unit 902, Lucky Building, Central, Hong Kong, HKG

Website

Tottenham Acquisition I Ltd is a blank check company formed for the purpose of entering a merger, share exchange, asset acquisition, share purchase, recapitalization or similar business with one or more businesses or entities.